Markets
MCI

Monday 1/30 Insider Buying Report: MCI, PPBI

Shutterstock photo
Shutterstock photo

Shutterstock photo

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.

On Friday, Babson Capital Corporate Investors Fund ( MCI )'s , Edward P. Grace III, made a $51,395 buy of MCI, purchasing 3,500 shares at a cost of $14.68 a piece. So far Grace III is in the green, up about 1.4% on their buy based on today's trading high of $14.88. Babson Capital Corporate Investors Fund is trading up about 0.8% on the day Monday. This buy marks the first one filed by Grace III in the past year.

And also on Friday, Director Joseph L. Garrett bought $43,816 worth of Pacific Premier Bancorp ( PPBI ), buying 1,100 shares at a cost of $39.83 a piece. Before this latest buy, Garrett purchased PPBI on 7 other occasions during the past year, for a total investment of $121,251 at an average of $24.50 per share. Pacific Premier Bancorp is trading down about 1.8% on the day Monday. Bargain hunters have the opportunity to pick up PPBI even cheaper than Garrett did, with shares trading as low as $38.60 at last check today which is 3.1% below Garrett's purchase price.

VIDEO: Monday 1/30 Insider Buying Report: MCI, PPBI

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

MCI PPBI

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More